TurboTax offers free tax filing services for Canadian residents with simple tax situations. This guide provides a comprehensive overview of TurboTax’s free offering, including eligibility criteria, features, and step-by-step instructions for filing your taxes online.
Eligibility for TurboTax Free
TurboTax Free is available to individuals with uncomplicated tax returns, typically including:
- Employment income
- Unemployment income
- T4RIF income
- Pension income
- RRSP contributions
- Child care expenses
- Dependent credits
- Tuition
- Caregiver tax credit
- COVID-19 benefits & re-payments
Features of TurboTax Free
TurboTax Free provides a user-friendly interface and essential features to simplify tax filing:
- Step-by-step guidance: TurboTax walks you through the tax filing process with clear instructions.
- Auto-fill from CRA: Import your tax slips and information directly from the Canada Revenue Agency (CRA) to save time and reduce errors.
- Error checking: TurboTax automatically checks your return for potential errors, ensuring accuracy.
- Secure data protection: Your personal and financial information is protected with industry-standard security measures.
Step-by-Step Guide to Filing with TurboTax Free
Follow these steps to file your taxes online with TurboTax Free:
- Set up a CRA My Account: Create a CRA My Account to access your tax slips and information.
- File with TurboTax Free: Visit the TurboTax website and select the “Free” option.
- Gather your paperwork: Have all relevant tax documents and information ready before you start filing.
- File your return: Enter your personal information, income, and deductions into the TurboTax software.
- Review and submit: Carefully review your return before submitting it to the CRA.
Additional Considerations
- Age-based upgrade: Individuals 25 years or younger can access premium TurboTax features at no additional cost.
- Help and support: TurboTax provides 24/7 access to tax-related questions and answers from other users.
- Paid options: For more complex tax situations, consider TurboTax’s paid options, such as Deluxe, Premier, and Self-Employed.
TurboTax Free is an excellent option for Canadian residents with simple tax returns. Its user-friendly interface, auto-fill capabilities, and error checking ensure a seamless and accurate tax filing experience. By following the steps outlined above, you can file your taxes online for free with TurboTax.
Why TurboTax Is Being Sued (We Warned You!)
FAQ
Is TurboTax actually free in Canada?
Is there actually a free version of TurboTax?
How much does TurboTax Canada cost?
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File on your own
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Full-Service
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TurboTax Basic
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Free
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$69.99
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Deluxe
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$20.99
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$99.99
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Premier
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$39.99
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$149.99
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Self-Employed
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$49.99
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$249.99
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Is TurboTax Canada worth it?
Is TurboTax Canada free?
Most tax software won’t make suggestions as good as a real person. Is TurboTax Canada free really free? Yes, TurboTax Free is free for Canadians with simple tax returns. If your tax situation is more complex, you will need to pay for an upgrade.
Is TurboTax free a good tax software?
TurboTax Free is very user-friendly, and the step-by-step process utilized by the software ensures that even those who are not technology-savvy can file a tax return online. This is their most popular product. The TurboTax Standard edition is great for individuals, families, and student returns.
Does TurboTax Canada offer a 15% discount?
TurboTax is offering significant discounts to readers of Savvy New Canadians. If you plan on using a paid TurboTax package, you can grab a 15% discount. TurboTax Canada is the most popular tax software for filing tax returns online in Canada. Here’s how to file your 2023 taxes for free or get a 15% discount on a paid plan.
How much does TurboTax cost?
TurboTax Free costs $0. File your simple Canadian tax return for free with no hidden fees. Follow a simple step-by-step process to fill out your return and our software does the math for you and stores your information to use on next year’s return. Save time by importing your tax slips into your return from the CRA with Auto-fill my return.